ajef

Date: 30/05/2016.
To
The Manager (Listing Compliance)
The BSE Limited,
25, P.J.Towers,
Dalal Street,
Mumbai- 400 001
Sub: Regulation 33-0utcome of the Board Meeting.
Ref: Company Scrip Code: 530713

Dear Sir/Madam,
This is to inform you that, the Meeting of Board of Directors of the Company was held on
30/05/2016. The outcome of the Board meeting, inter alia, is as under:
1. Approval of the Audited Financial Results for the year ending 31/03/2016.

2.

Ac_cept~d t~~

resignation of Director Mr. Shravan Kumar Donthula (DIN: 07188574).

The Audited Financial Results for the year ended 31/03/2016 is enclosed herewith.
Kindly take.'the.above information on records.
Thanking You,

for AJEL-LIMITED

Srini ~

Chairman & Managing Director

DIN: . 01673552

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ISO 9001-2008 CERTIFIED

Ajel Limited.
Regd . Off: 106, Link Plaza Commercial Complex,
New Link Rd, Jogeshwari (W) Mumbai-4001 02.
Tel : +91-022-26393197 Fax: +91 22 26349264
Online: http://www.ajel.in, e-mail : info@ajel.in
Corporate Identity Number: L67120MH1994PLC076637

NARESH DINESH &ASSOCIATES

403, EESHA KRIPA, DADI SHETH ROAD, MALAD WEST, MUMBAI- 400064
TEL. NO: 9920640953, EMAIL:- canaresh90@yahoo.com

Auditor's Report on the Quarterly Financial Results and

Year to Date Results of the Company
Pursuant to the Regulation 33 of the SEBI
(Listing Obligations and Disclosure Requirements) Regulations, 2015
TO THE BOARD OF DIRECTORS OF
AJEL LIMITED
We have audited the quarterly financial results of Ajel Limited ('the company' ) for the quarter ended 31st March
2016 and the year to date results for the period 1st April 2015 to 31st March 2016, attached herewith, being
submitted by the company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015 .
These quarterly financial results, as well as, the year to date financial results have been prepared on the basis of the
interim financial statements, which are the responsibility of the company 's management. Our responsibility is to
express an opinion on these financial results based on our audit of such interim financial statements, which have been
prepared in accordance with the recognition and measurement principles laid down in Accounting Standard for
Interim Financial Reporting AS 25 , prescribed under Section 133 of the Companies Act, 2013 read with relevant rules
issued thereunder and other accounting principles generally accepted in India.
We conducted our audit in accordance with the auditing standards generally accepted in India. Those standards
require that we plan and perform the audit to obtain reasonable assurance about whether the financial results are free
of material misstatements. An audit includes examining, on a test basis, evidence supporting the amounts disclosed as
financial results. An audit also includes assessing the accounting principles used and significant estimates made by
management. We believe that our audit provides a reasonable basis for our opinion.
In our opinion and to the best of our information and according to the explanations given to us these quarterly
financial results, as well as, the year to date results:
i.
are presented in accordance with the requirements of Regulation 33 of the SEBI (Listing Obligations
and Disclosure Requirements) Regulations , 2015 in this regard ; and
ii.
to give a true and fair view of the net profit and other financial information for the quarter ended 31"
March 2016 as well as the year to date results for the period 1" April 2015 to 31" March 2016.
For Naresh Dinesh & Assocites

NARESHJAIN
Partner
M. No.: 144835
Place: Mumbai

Date: 30/05/2016

i1

A I\ ~

- "'-' -..-.
Regd.

Off~e:

._

AJEL LIMITED

106, Link PlazaCommercial Complex, New Link Road, Oshiwara, Jogeshwari (West), Mumbai-400102

PART-I

(Rs. In Lakhs except Share and per equity share data)

STATEMENT OF STANDALONE AUDITED RESULTS FOR THE QUARTER ENDED 31ST MARCH, 2016
3 months
ended
31/03/2016
(Audited)

Particulars

1 Income from Operations

(a) Net Sales/Income from Operations

Preceding 3 Corresponding
Yr. to Date
Yr. to Date
Previous
months
3 months
Figures for the
Figures for the Year ended
ended
Current Year
Previous Year 31 .03.2015
ended in the
31/12/2015 previous year ended 31 /03/2016
(Audited)
ended
(Unaudited)
31/03/2015
(Audited)
31/03/2015
(Audited)
(Audited)

248.72

137.46

35.20

619.76

441 .90

441.90

248.72

137.46

35.20

619.76

441.90

441.90

216.96

106.05

18.24

0.00

26.89

529.67
14.55 .

402.64
. 26.89

402.64

14.55
2.7;2

25.43

... '
10 ..59,

234.23
14.49

13(47
5.99

55.72
(20.52)

0.00
14.49

0.00
5.99

0.00
14.49

0.00
5.99

(b) Other Operating Income

0.00

Total Income from Operatios (Net)

2 Expenses
a. Cost of Materials Consumed
b. Purchase of stock-in-trade.
c. Changes in inventories of finished goods, workin-progress and stock-in-trade
d. Employees benefits expense
e. Depreciation & Amortisation Expense
. f. Other expenses (Any Item exceeding 10% of
the totalexpenses re.la!ing to c~ntinuing
operations to be shown separately)
Total Expenses
Profit/(Loss) from Operations before Other
Income, finance costs and Exceptional Items (12)
4 Other Income
3

Profit/(Loss) . from .ordinary activities

financ.e costs & Exc.e.P.tional Items (3+4)
6 Finan~.e Cqsts .. - ...

before

7 P[ofitj(Los~) . fr~m _qrdinary _activities after finance

costs but before Exceptional Items (5-6)

t''

. ..

. ..

26 .89

:. : ?7 .19

27.19

59~.08

. ~6.72

24.68

(14.82)

456.72
(14.82)

1.91
(18.61)

0.00
24.68

1.91
(12.91)

1.91
(12.91)

1.48
(20.09)

0.00
24.68

1.48
(~4:3~)

1.4!3
(14:3'9)

. q0,86

.....

- ''

..

Excep1i6r'lal' items

0.00

Profit/(Loss) 'from Ordir'iary Activities before tax

1(7+8)
10 Tax expense
9

11 Net Profit/(Loss) from Ordinary Activities after tax

1(9-10)
12 Extraordinary Items .(net" of tax . expense ~-

14.49
0.00
14.49
0.00

~-

0.00
5.99
0.00
5.99
0.00

0.00

0.00

0.00

(14.39)

(14.39)

0.00

0.00

(14.39)

(14.39)

0.00

0.00

(14.39)

(14.39)

0.00
24.68

(20.09)
0.00

0.00
2~ ..68

(20.09)

0.00

0.00

13 Net Profit(+)/ Loss(-) for the period (11-12)

14 Shi'ire"pf'Prpfit/(Loss) of assqciates

14.49
0.00

0.00

0.00

0.00

0.00

o.oo

15 Minority Interest
'.
16 ~t Profit/(Loss) after taxes, minority interest and
sha~e of profit/(loss) of associates (13+ 14+ 15)

o:oo

0.00

o.cio

0.00

0.00

. 0.00

14.49

5.99

(20.0~)

24.68

(14.39)

(14.39)

1,'165.tJ'O

1,165.00

. ...

17 Paid-up equity share capital (Face Value of the

Share is Rs.1 0/- each)
No.of Equity Shares
18 Reserve ex'cfuditlg Revaluati.On Reserves as pet
balancesheet of previous accou'ntirig year
19 i) Earnings .Per Share (EPS) (before extraordinary
items (of~ 1o7~ 'each) (not annualised)
~

'

..

..

'

a) Basic

5.99

-.

'

1,165.00

11,650,000
'. ..

11,650,000

11 ,650,000

11 .sso;ooo

11,650,000 11 ,650,000

'

'

..

43.59

..
0.05

0.21 .. -

(0.17)

Regd. Off:
106, Link Plaza Com_rn ercial Co mplex,
.
New Link Rd, Jogeshwari (W) Mumbai-400102.
Tel: +9~-022-26393197 Fax: +91 22 26349264
.. : ()nline:. http://www.ajel.in,
e-mail : info@ajel.in
Corporate Identity Number: L67120MH1994PLC076637

..

~0 ,12}

n
..

~-

.,

'

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"

Ajel Limited.

'

1,165.00

""
\;

'

1,165.00

0.12

~~
'CJ
' ~
l

24.68

1'1 65.00

b)' Diluted .

~a

(20.09)

(0.12)
'

~~~

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--=---. .'

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..

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l. .. ;_

aer
1.1

above audited financial resutts have been reviewed by the Audit committe and approved by the

Board of Directors at their meeting held on 30/05/2016.

2. Corresponding figures for previous periods presented have been regrouped, where necessary to
confirm to the current period classification .

For and on behalf of the board

Chairman & Managing Director

Place: Mumbai

'f

Date: 30/05/2016

~~rc5
.,:
ISO 9001-2008 CERTIFIED

?ff:

Ajel Limited.

Regd.
106, Link Plaza Commercial Complex,
New Link Rd, Jogeshwari (W) Mumbai-4001 02.
Tel: +91-022-26393197 Fax: +91 22 26349264
Online: http://www.ajel.in, e-mail : info@ajel.in
Corporate Identity Number: L67120MH1994PLC076637

NARESH DINESH &ASSOCIATES

403, EESHA KRIPA, DADI SHETH ROAD, MALAD WEST, MUMBAI- 400064
TEL. NO: 9920640953, EMAIL:- canaresh90@yahoo.com

Auditor's Report on the Quarterly Consolidated Financial Results and

Consolidated Year to Date Results of the Company
Pursuant to the Regulation 33 of the SEBI
(Listing Obligations and Disclosure Requirements) Regulations, 2015

TO THE BOARD OF DIRECTORS OF

AJEL LIMITED
We have audited the quarterly consolidated financial results of Ajel Limited ('the company') for the quarter ended
31st March 2016 and the consolidated year to date results for the period 1st April 2015 to 31st March 2016, attached
herewith, being submitted by the company pursuant to the requirement of Regulation 33 of the SEBI (Listing
Obligations and Disclosure Requirements) Regulations , 2015.
These quarterly consolidated financial results, as well as, the year to date consolidated financial results have been
prepared on the basis of the interim financial statements, which are the responsibility of the company's management.
Our responsibility is to express an opinion on these financial results based on our audit of such interim financial
statements, which have been prepared in accordance with the recognition and measurement principles laid down in
Accounting Standard for Interim Financial Reporting AS 25, prescribed under Section 133 of the Companies Act,
2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India.
We conducted our audit in accordance with the auditing standards generally accepted in India. Those standards
require that we plan and perform the audit to obtain reasonable assurance about whether the financial results are free
of material misstatements. An audit includes examining, on a test basis, evidence supporting the amounts disclosed as
financial results . An audit also includes assessing the accounting principles used and significant estimates made by
management. We believe that our audit provides a reasonable basis for our opinion.
We did not audited the financial statements of Ajel Technologies Inc, which is the subsidiary of Ajel Technologies
India Pvt Ltd which is the subsidiary of Ajel Limited. These interim financial statements and other financial
information have been audited by other auditors whose reports have been furnished to us, and our opinion on the
financial results and the year to date results, to the extent they have been derived from such interim fmancial
statements is based solely on the report of such other auditors.
In our opinion and to the best of our information and according to the explanations given to us these consolidated
quarterly financial results, as well as , the consolidated year to date results:
1.

include the quarterly financial results and year to date of the following entities:
a.
b.

ii.

Ajel Technologies India Pvt Ltd.

Ajel Technologies Inc

NARESH DINESH & ASSOCIATES

403, EESHA KRIPA, DADI SHETH ROAD, MALAD WEST, MUMBAI- 400064
TEL. NO: 9920640953, EMAIL:- canaresh90@yahoo.com

iii.

to give a true and fair view of the consolidated net profit and other financial information for the quarter
ended 31' 1 March 2016 as well as the year to date consolidated results for the period 1' 1 April 2015 to
31 ' 1 March 2016.

For Naresh Dinesh & Assocites

Firm Reg.No. 140097W

Partner
M. No.: 144835
Place: Mumbai
Date: 30/05/20 16

\~ ~p

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--~ '-"Jl

AJEL LIMITED

Regd. Off1ce: 106, Link PlazaCommercial Complex, New Link Road, Oshiwara, Jogeshwari (West), Mumbai-4001 02
PART -I

(As. In Lakhs except Share and per equity share data)

STATEMENT OF CONSOLIDATED AUDITED RESULTS FOR THE QUARTER ENDED 31ST MARCH, 2015
3 months Preceding 3 Corresponding
Yr. to Date
Yr. to Date
Previous
ended
months
3 months
Figures for the Figures for the Year ended
ended
31/03/2016
ended in the
Current Year
Previous Year 31.03.2015
Particulars
(Audited)
31 /12/2015 previous year ended 31 /03/2016
(Audited)
ended
(UnAudited)
31/03/2015
(Audited)
31/03/2015
(Audited)
(Audited)
1 Income from Operations
(a) Net Sales/I ncome from Operations
830.93
368.37
83.14
2,022.30
2,434.74
2,434.74
(b) Other Operating Income
Total Income from Operatios (Net)

2 Expenses
a. Cost of Materials Consumed
b. Purchase of stock-in -trade.
c. Changes in inventories of finished goods, work
in-progress and stock-in-trade
d. Employees benefits expense
e. Depreciation & Amortisation Expense
f. Other expenses (Any Item exceeding 10% of
the total expenses relating to continuing
operations to be. shown separately) . .
. . ..
-.
Total Expenses
. '
3 Profit/(Loss) from Operations before Other
Income, finance costs and Exceptional Items (1- ..
..
2)
4 Other Income
".

830.93

368.37

83.14

2022.30

2,434.74

2,434.74

764.57
114.41 .

327.44
0.00

50.12
93.35

1,786.88
114.41

2,351 .52
120.24

2,351.52
120.24

41 .58

. 187.07

6.26

..

..

.885.24 c.,: 3.69,02 .

.. .

before

7 Profit/(Loss) from ordinary activities after finance

costs but befor.e Exceptional Items (5-6)

'.

..

-- ~

. '

(54.31-)

(0.85)

(247.40)

0.00

0.00

424.14

(54.31)

(0.65)

0.00

(54.85).

(0,65)

9 Profit/(Loss) from O~dinary .Activities before tax

7+8)' ..
. ..... ' .. 10 Tax expense
11 Net Profit/(Loss) from Ordinary Activities after tax
.. ... . . - -.
9-10)' .
12 Extraordinary lten:is (net of tax expense ~..
}
'
13 Net Profit(+)/Loss(-)'forthe period (11-12)
14 Share of Profit/(Loss) of associates
15 Minority lntere~t.
...
..' ;
16 Net Profitl(Loss) after taxe.s, minqr.ity.interest and
share of profit/(loss) of associates (13+ 14+ 15)

...

.. ..

'

' ........ ,

~~

..

..
I

,_,,

..

- . .... .......-:- .:
~

IS0 ,9001-200S.CERTlFIED' '

..

...

$214.94

$214 .94

2.13

$23.87

$23.87

169.27

(46.00)

_$1. ~1W'
..

$1_91..0(

7.47

0.00

$0.00

$0.00

(54.85)

(0.65)

169.27

(46.00)

$191.07

$191 .07

0.00

0.00

0.00

0.00

$0.00

$0 .00

(54:85)

(0.65}

(46.00)

$191 .07

'$191.07

0.00

0.00

0.00

$0.00

$0.00

(54.85)

(0.65)

(46.06)

$i9i .07

$i 91 .07

0.00
0.00

0.00
0.00

0.00

0.00

0.00

0.00

(0.65)

169.27

(46.00)

191 .07

191 .07

1,165.00

1' 165.00

1,165.00

1',165.00

11,650,000

11,650,000

'.'

169.27
0.00
169.27

.. "

...

.. . . :. .

11,650,000 11,650,000
249.05
249.05
..
'

1.45

..

1.45

-.
''o

Ajel Limited.

- .
Reg~ . Off: 106, Link Plaza <;:ommercial Complex,
New Lmk Rd, Jogeshwan (W) Mumbai-4001 02.
Tel: +91-022: 26393197 Fax: +91 22 26349264
Online: http://wWw.ajel.in , e-mail : info@ajel.in
Corpbrate ldimtity Nurnber: L67120MH 1994PLC076637

.. 1.64

1.64

(0.39)

... _.

..
(0.01)

so.oo

,.

.,

(0.47)

$0.00

$0.00
'$0.00 .

..

(43.87)

176.74

..

('(0.39)

b) Diluted
I

0.00

(54.85)

..

'

0.00

19 ii) Earnings Per Share (EPS) (after .extraordinary

it~ms (of~ 10t-each)' (not iuii'TIJalised) "
"'

Jo

0.00

1,165.00
1,165.00
17 pai~-up -~qyity, s~~re v~P!tal . (F?c~ _ yal_ue ,of the
. ...
.,
Share 'is Rs.10/- each). . : ~ .
No . o~ Equity Shares
11,650,000 11,650,000
18 Reser.(e e>q::ludiqg Revaluation . R~serves as per
balance sheet ofpreviouS' accountiil.Q year" .. . ' 19 i) Earnings Per Share (EPS) (before
extraordinary items (of~ 10/- each) (not
annualised)
a) Baste
(0.01)
(0.47)
b) Diluted

a) Basic

. 0.00

8 Exceptional items

_..__ . .;

'--

.. '. (43 .87)

....

0.54

172.18

172.18 -

.. -

\ ': . 2,643.9'4 .- 2.64:3..94

'-" ...:. ...... ' " ..
($209.-20) - .($20920)
..
$424.14
-$424.-14

. . ' 206.6.16

'. 330.54

5 Profit/(Loss) from ordinary activities

finance Gosts &.Exceptionalltems (3+4)
6 Finance Costs

..

. -164.87
.

'

'~
"""
~

..

1.64
-

:..rl .'

"r-:. ..} li l\J~~

v< TV \: *::J
.
'

----

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ajef
NOTES

The Audit Committee reviewed the above results and it was taken on record by the Board of Directors of the Company at its meeting held on
30/05/2016. The Statutory Auditors have carried out a Limited Review of the UnAudited Results.

2 The Consolidated results include the subsidiary Ajel Technologies India Pvt Ltd and its step down subsidiary Ajel Technologies Inc USA.
3 Corresponding figures for previous periods presented have been regrouped , where necessary to confirm to the current period classification.

Place: Mumbai
Date: 30/05/2016

c~e
~
...
ISO 9001-2008 CERTIFIED

?ff:

Ajel Limited.

Regd .
106, Link Plaza Commercial Complex,
New Lmk Rd, Jogeshwari (W) Mumbai-400102.
Tel: +91-022-26393197 Fax: +91 22 26349264
Online: http://www.ajel.in, e-mail : info@ajel.in
Corporate Identity Number: L67120MH 1994PLC076637

ajef
DECLARATION

I Srinivasa Reddy Arikatla, Managing Director (DIN: 01673552) of the company bearing
scrip code: 530713 hereby declare that as required under Regulation 33(3)(d) of the SEBI
(LODR) Regulations 2015 the audit report being submitted for the Financial Year ending
March 31 5\ 2016 does not bear an unmodified opinion.

For and on behalf of Ajel Limited

Chairman & Managing Director

Date: 3o:o5.2016
Place:-Mumbai

~~(.

.. :

ISO 9001-2008 CERTIFIED

Ajel Limited.
Regd. Off: 106, Link Plaza Commercial Complex,
New Link Rd, Jogeshwari (W) Mumbai-4001 02.
Tel: +91-022-26393197 Fax: +91 22 26349264
Online: http://www.ajel.in, e-mail : info@ajel.in
Corporate Identity Number: L67120MH 1994PLC076637